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View Diary: Founding Fathers and Wealth (56 comments)

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  •  They can't "run the same playbook"... (3+ / 0-)
    Recommended by:
    Nada Lemming, vets74, bnasley

    ...in most other places. And the places where they can (Switzerland, Cayman Islands, etc.) simply don't have the "Global Muscle" to protect their interests. Our Financial "Wild West Show" is pretty much unique: big enough such that even as the foundation is crumbling, it is still robust enough to keep the wheels turning for at least another generation with no additional real investment on their collective end.

    They may want everyone to believe that their holdings and equity are 100% fungible and transferable, but a diminished US Government and society makes them immediately much less wealthy and powerful. They need the "full faith and credit" of this nation more than they will ever admit.

    The so-called "rising tide" is lifting only yachts.

    by Egalitare on Sun Apr 24, 2011 at 09:44:36 AM PDT

    [ Parent ]

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